The Central Government has requested Starlink, Elon Musk's satellite venture, to establish a control centre in India. This measure will enable the suspension or shutdown of communications services in sensitive areas when needed to maintain law and order. Additionally, call interceptions by law enforcement agencies must be facilitated. Starlink is working with Reliance Jio and Airtel for network enhancements.
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Inflation is a major concern for FY26, driven by higher raw material costs and domestic pressure. The depreciation of the Chinese Yuan and geopolitical tensions are also contributing factors. The Indian Rupee is expected to weaken further, with the Reserve Bank of India likely balancing growth and inflationary pressures while defending the Rupee.
The Reserve Bank of India is anticipated to cut the repo rate by 25 basis points in its first policy decision under Governor Sanjay Malhotra. Experts believe this move aims to boost economic growth while maintaining inflation control, amid eased inflationary pressures and a stable Consumer Price Index.
Infosys reported an 11.46% rise in net profit to Rs 6,806 crore for the December quarter FY25, driven by growth in financial services and manufacturing. Revenue growth boosts its FY25 guidance to 4.5-5%. The company added 5,591 employees, planning to hire over 15,000 more this fiscal.
India is on track to meet the WHO recommendation of one doctor per 1,000 people by 2030, currently having a ratio of 1:1,263. This target can be achieved with a steady licensing of 50,000 doctors annually. Growth in medical colleges has facilitated this, although there are concerns about their unequal distribution and lack of rural specialists.
Electric vehicle maker OPG Mobility, formerly Okaya EV, plans to raise around Rs 400 crore in the next 18-24 months to expand its product portfolio and network. The company is set to launch two electric scooters, one electric motorcycle, and new three-wheeler passenger products this year, while also increasing its sales and service network across India.
Hindustan Petroleum Corporation Ltd (HPCL) reported a significant increase in its December quarter net profit to Rs 2,543.65 crore due to higher marketing margins. Despite unchanged income from operations, profits soared thanks to the retail fuel price freeze and operational efficiencies in refining and marketing divisions.
India's manufacturing sector saw its slowest growth in December 2024, with the PMI at 56.4 due to softer increases in factory orders and production. Despite this, buying levels and employment continued to expand. Manufacturers remained optimistic about 2025, although concerns about inflation and competitive pressures tempered their outlook.
A US court directed Bank of America to pay $540.3 million to the Federal Deposit Insurance Corporation. This order was regarding underpaid deposit insurance assessments. The dispute was about payments from 2013 to 2014. The FDIC initially sued the bank for a larger sum. The judge dismissed some claims due to the delay.
Catch, an Australian e-commerce platform acquired by Wesfarmers in 2019, will close down, leading to about 200 job losses due to tough competition from Amazon and Temu. The logistics centres will be transferred to Kmart to enhance its customer service and delivery efficiency.
The National Company Law Tribunal (NCLT) ordered disciplinary action against the resolution professional handling Byju's insolvency case due to misconduct. The tribunal reinstated Glas Trust and Aditya Birla Finance to the Committee of Creditors, emphasizing the resolution professional's failure to act with integrity and fairness.